AGP Executive Report
Last update: 4 hours agoAI Policy Push: Prime Minister Anthony Albanese will create an Office of AI to set national standards and speed up approvals for AI-related investment, as data-centre spending becomes a key growth driver. Data Centres & Funding: Switch has hired banks for a potentially massive US IPO that could value it near $80bn, highlighting how AI infrastructure financing is heating up. Labour Market Pressure: Roy Morgan reports “real unemployment” jumped to 11.7% in June as employment fell for a fourth straight month, with part-time work driving the decline—another stress test for household finances. Payments & Stablecoins: Velocity raised $38m to help businesses use stablecoins for cross-border payments, signalling continued momentum in crypto rails for mainstream commerce. Banking Leadership Moves: Bank of America named Thorsten Pauli as Head of Asia Pacific Global Capital Markets, as equity issuance picks up across APAC. Energy Cost Debate: CSIRO modelling reignites the renewables-vs-coal fight, arguing cutting climate commitments could lower power costs by 2050—at the price of higher pollution. Cyber & Scams: Victoria Police warn of tax-season scams, including myGov phishing and fake online stores targeting Australians’ identities and refunds.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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